04:47
SHARE MARKET REVIEW
DOLLAR
The dollar is proving scarce, even after the Federal Reserve flooded the financial system with an extra $2.3 trillion, as the amount of the highest-quality assets available worldwide shrinks.
The U.S. currency appreciated 2.06 percent last week to $1.2517 per euro in New York after touching $1.2496, the strongest since July 2010. It gained 0.84 percent to 79.68 yen. The Dollar Index jumped 1.37 percent to 82.402, its fourth- straight weekly rally.
EURO
The euro extended yesterday’s advance against the dollar amid speculation that China will take more steps to boost economic growth, fueling demand for higher- yielding assets.
The euro rose 0.1 percent to $1.2556 in the early trades. It slid to $1.2496 on May 25, the lowest since July 6, 2010, and has lost 5.2 percent this month. The common European currency added 0.2 percent to 99.83 yen. The yen was little changed at 79.51 per dollar.
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